Following the significant increase in premium volumes of 9.1% in 2021, due to a strong recovery from the COVID-19 pandemic, the global Long-Term (Life) Insurance industry contracted by 3.1% in 2022, based on the erosion of consumer savings and nominal premium growth during the year. However, positively, the industry is set to return to growth […]
The global Long-Term (Life) Insurance market was hit hard in 2020, declining by 4.4% in terms of value, with advanced global markets bearing the brunt of this decline. However, positively, the market was expected to rebound strongly in both 2021 and 2022, with predicted growth rates of 3.8% and 4.0%, respectively. This recovery is expected
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